CNBC Economy / Updates

• China needs U.S. dollars but is building a hedge against Washington’s sanctions August 25, 2026
  The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.
• 'They asked too much': Canadian dollar slides as Ottawa and Washington head for all-out trade war August 24, 2026
  "As a smaller, more open economy, Canada has more to lose from this," ING strategists said Monday.
• Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said August 24, 2026
  Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.